Telit Communications PLC Telit and OT-Morpho partnership
29 June 2017 - 11:25PM
RNS Non-Regulatory
TIDMTCM
Telit Communications PLC
29 June 2017
RNS REACH
Telit Communications PLC
Telit and OT-Morpho partner for opportunities in new era of
substantial device provisioning on a global scale for the Internet
of Things
London, 29 June 2017 - Telit Communications PLC ("Telit", "the
Group", AIM: TCM), a global enabler of the Internet of Things
(IoT), together with OT-Morpho, a world leader in digital security
& identification technologies announced today that the
companies are partnering together to solve the challenges facing
the mass adoption of IoT via today's traditional deployment
methodology.
The two companies are partnering to bring to the market a next
generation approach that will allow the digital distribution of
mobile subscriptions on demand to IoT connectivity.
The joint solution will enable global interoperability, reduced
total cost of ownership for end-customers and improved
time-to-market for enterprises and device makers looking to rollout
large scale IoT projects.
Telit and OT-Morpho will leverage their combined technical
expertise as well as their worldwide customer and carrier
eco-systems to jumpstart the IoT narrowband cellular economy. The
focus will be on streamlining the provisioning and subscription
management process for next generation Cat-M and NB-IoT
connectivity.
Oozi Cats, Telit Chief Executive, commented:
"We are excited to partner with OT-Morpho and collaborate on
innovative ways to serve the needs of the IoT market.
"We believe our new approach will also offer significant
advantages to MNO partners including, but not limited to, new
market opportunities for services, minimal impact on existing
business processes, cost savings on SIMs and logistics while
maintaining the highest level of security and are working with some
early adopters to fully leverage these.
"Following the recently announced Telit simWISE offering, this
new solution will further target the coming wave of NB-IoT and Low
Cat devices enabling a global IoT centric subscription management
service, reduce total cost of ownership for end-customers and
improve time-to-market for IoT developers."
Didier Lamouche, CEO of OT-Morpho said:
"OT-Morpho and Telit see the massive opportunity represented by
the IoT market and believe that as key ecosystem players they have
a vital role to fulfill in helping MNOs and enterprises roll out
their IoT strategies.
"By streamlining subscription management and by bringing
solutions that can enhance the security and integrity of connected
devices, we are fulfilling critical industry needs in order for the
IoT to reach its full potential."
Enquiries
Telit Communications PLC Tel: +44 203
Oozi Cats, CEO 289 3831
Yosi Fait, Finance Director &
President
Canaccord Genuity Limited (Nominated Tel: +44 20
Adviser and Joint Broker) 7523 8000
Simon Bridges/Martin Davison
Berenberg (Joint Broker) Tel: +44 20
Chris Bowman/Ben Wright 3465 2722
Instinctif Partners Tel: +44 20
7457 2020
Adrian Duffield/Chantal Woolcock
About Telit
Telit (AIM: TCM), is a global leader in Internet of Things (IoT)
enablement. The company offers the industry's broadest portfolio of
integrated products and services for end-to-end IoT deployments -
including cellular communication modules in all technologies, GNSS,
Wi-Fi, short-to-long range wireless modules, IoT connectivity plans
and IoT platform services. Through the IoT Portal, Telit makes IoT
onboarding easy, reduces risk, time to market, complexity and costs
for asset tracking, remote monitoring and control, telematics,
industrial automation and others, across many industries and
vertical markets worldwide.
# # #
Copyright (c) 2017 Telit Communications PLC. All rights
reserved. Telit and all associated logos are trademarks of Telit
Communications PLC in the United States and other countries. Other
names used herein may be trademarks of their respective owners.
About OT-Morpho
OT-Morpho is a world leader in digital security &
identification technologies with the ambition to empower citizens
and consumers alike to interact, pay, connect, commute, travel and
even vote in ways that are now possible in a connected world.
As our physical and digital, civil and commercial lifestyles
converge, OT-Morpho stands precisely at that crossroads to leverage
the best in security and identity technologies and offer customized
solutions to a wide range of international clients from key
industries, including Financial services, Telecom, Identity,
Security and IoT.
With close to EUR3bn in revenues and more than 14,000 employees,
OT-Morpho is the result of the merger between OT (Oberthur
Technologies) and Safran Identity & Security (Morpho) completed
on 31 May 2017. Temporarily designated by the name "OT-Morpho", the
new company will unveil its new name in September of this year.
For more information:
www.morpho.com and www.oberthur.com
Follow @Safran_Morpho and @OT_TheMcompany on Twitter .
This information is provided by RNS
The company news service from the London Stock Exchange
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